Sometimes, you have to quit

Ary Rosenbaum
Contact

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

When you’re young, you’re urged not to quit. Whether it’s little league or scouts, your parents would always tell you that it’s just not OK to quit on a whim.

As a retirement plan provider, there are certain times where you have to quit and fire your client. Usually, it’s when dealing with a plan sponsor client that isn’t listening to your advice and keeping the plan out of compliance. Sometimes, it can just be a situation where you can’t properly function or you’re out of your comfort zone or continuing is a liability threat.

Getting clients is hard to come by, but associating with a plan sponsor that won’t comply with the law is a bigger threat than the loss of any fee.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Written by:

Ary Rosenbaum
Contact
more
less

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.